Morgan Stanley (MS) Rating Reiterated by Royal Bank of Canada

Royal Bank of Canada reissued their buy rating on shares of Morgan Stanley (NYSE:MS) in a report issued on Thursday, AnalystRatings.com reports. They currently have a $60.00 price objective on the financial services provider’s stock.

Several other brokerages have also recently commented on MS. HSBC set a $48.00 price target on Morgan Stanley and gave the company a neutral rating in a research note on Thursday, April 4th. Citigroup cut Morgan Stanley from a buy rating to a neutral rating and set a $48.00 price target for the company. in a research note on Thursday. BMO Capital Markets lowered their price target on Morgan Stanley to $65.00 and set an outperform rating for the company in a research note on Friday, January 18th. Wells Fargo & Co raised Morgan Stanley to a buy ms rating in a research note on Thursday, December 20th. Finally, Barclays lowered their price target on Morgan Stanley from $63.00 to $55.00 and set an equal weight rating for the company in a research note on Wednesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. Morgan Stanley currently has a consensus rating of Hold and a consensus target price of $56.24.

Shares of NYSE MS opened at $47.55 on Thursday. The company has a market capitalization of $80.19 billion, a P/E ratio of 10.31, a PEG ratio of 1.11 and a beta of 1.19. Morgan Stanley has a 52 week low of $36.74 and a 52 week high of $55.64. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.81 and a quick ratio of 0.81.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.16. The business had revenue of $10.29 billion during the quarter, compared to analysts’ expectations of $9.96 billion. Morgan Stanley had a return on equity of 11.50% and a net margin of 16.75%. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS. As a group, equities analysts forecast that Morgan Stanley will post 4.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a yield of 2.52%. Morgan Stanley’s payout ratio is currently 26.03%.

In other Morgan Stanley news, CFO Paul C. Wirth sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $42.40, for a total transaction of $1,060,000.00. Following the completion of the sale, the chief financial officer now owns 169,031 shares of the company’s stock, valued at $7,166,914.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Miles Capital Inc. lifted its holdings in shares of Morgan Stanley by 3.6% during the fourth quarter. Miles Capital Inc. now owns 6,977 shares of the financial services provider’s stock worth $277,000 after buying an additional 240 shares during the last quarter. Triangle Securities Wealth Management lifted its holdings in shares of Morgan Stanley by 2.2% during the first quarter. Triangle Securities Wealth Management now owns 11,377 shares of the financial services provider’s stock worth $480,000 after buying an additional 245 shares during the last quarter. Nachman Norwood & Parrott Inc lifted its holdings in shares of Morgan Stanley by 3.3% during the first quarter. Nachman Norwood & Parrott Inc now owns 7,737 shares of the financial services provider’s stock worth $327,000 after buying an additional 249 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in shares of Morgan Stanley by 1.8% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 13,786 shares of the financial services provider’s stock worth $582,000 after buying an additional 250 shares during the last quarter. Finally, Renaissance Investment Group LLC lifted its holdings in shares of Morgan Stanley by 2.8% during the first quarter. Renaissance Investment Group LLC now owns 9,140 shares of the financial services provider’s stock worth $385,000 after buying an additional 250 shares during the last quarter. 86.10% of the stock is owned by hedge funds and other institutional investors.

About Morgan Stanley

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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